Agribusiness is a Unit of CBZ Bank Limited that specialises in offering financial solutions to clients in the agricultural production sector. This unit is located at CBZ Place, 7 Selous Avenue, Harare whilst it has representation at the following branches: Karoi, Chinhoyi, Chiredzi, and Mutare.
Products/Services Offered
- Overdrafts
- Loans
- Bank Guarantees
- Agricultural advisory services
Overdrafts/Loans
The Unit provides seasonal facilities in the form of loans and/or overdrafts.
- Overdrafts are usually advanced for a period of up to 12 months and are essentially seasonal finance and for working Capital
- Loans which can be short term or medium term ranging from one year to three years are for basic capital expenditure.
Bank Guarantees
Bank guarantees are usually offered over a period of one season and these are issued in favour of input suppliers or agro-equipment suppliers.
Requirements
- The applicant must be an account holder with CBZ Bank and must have operated the account for at least 6 months.
- Cover Application Letter
- Official tenure of land (original offer letter, title deed or lease agreement from title holder)
- Brief business outline (Project Proposal). To cover current operations, proposed enterprises, marketing arrangements and project management structure.
- Tangible collateral security being offered to cover borrowings. (house, commercial properties – supply copies of Title Deeds as well as latest valuation report)
- Copy of National Identity Documents (individual applicant and/or Company Directors)
- Insurance Policies covering; Key-man’s life, Crop/Livestock, Farm Machinery/equipment, loan protection.
- Current banking arrangements with other banks. (Bank, Branch, Account Number, Branch/Relationship Manager, time with the Bank.)
- Cash flow projection covering the tenor of the facilities being applied for.
- Tobacco growers to also submit Grower’s Number
- Sugarcane farmers to submit Cane Milling Contract or Cane Purchase Agreement
- Attach copies of quotations for Capital Items to be financed
Corporates should add the following:
- Company Registration documents.
- Brief business outline-covering date of incorporation, shareholding structure, market, competition and future plans.
- Financials for the past two years (Income Statement & Balance Sheet)-signed off by Directors.
- Latest Management Accounts (Income Statement & Balance Sheet)-signed off by Directors.
- Aged Debtors & Creditors Analysis.
Contact Details
Physical Address: CBZ Place, 7 Selous Avenue, Harare
Telephone: 705001/9